Photo: Charles Schwab
What are rich people thinking?Brokerage firm Charles Schwab aimed to answer that question in its recently completed a survey of high net-worth (HNW) individuals. There were 504 respondents. Each had a minimum of $1,000,000 of investable assets and were between the ages of 30 and 80.
Here is what HNW clients see in the next six months:
- 31 per cent thought unemployment was about to increase.
- 27 per cent see a “double dip” recession coming.
- 60 per cent expect inflation to heat up.
- 8 per cent think energy prices will fall.
The study was accompanied by a 33 slide presentation, much of which included findings regarding the advisor-client relationship. However, we pulled the slides relating to advisors’ and HNW clients’ thoughts on the markets and the economy.
Follow the money, right?
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